Role of BSP in the Economy

What is the First Pillar of Central Banking?

• Financial Stability

• Price Stability

• Efficient Payments and Settlements System

• Cash Management Initiatives

What is the Second Pillar of Central Banking?

• Efficient Payments and Settlements System

• Price Stability

• Cash Management Initiatives

• Financial Stability

What is the Third Pillar of Central Banking?

• Financial Stability

• Cash Management Initiatives

• Price Stability

• Efficient Payments and Settlements System

What do you call the sustained increase in the average prices of goods and services typically purchased by consumers?

• Inflation

• Monetary Targeting

• Money Supply

• Consumer Price Index

What is the primary mandate of Bangko Sentral ng Pilipinas?

• Cash Management

• Ensure a stable banking system

• Low and stable inflation

• Monitoring of Online Payments

What is NOT a Monetary Policy Instrument below?

• Open Market Operations

• Retirement of Currency

• Reserve Requirement

• Rediscounting

What is NOT a BSP-supervised financial institution?

• Prudential Life Plan

• RCBC

• RD Pawnshop

• Western Union Money Padala

What is an arrangement that facilitates the transfer of funds between two parties?

• Cash management system

• Monetary system

• Financial system

• Payments system

BSP supervises a system called Philippine Payments and Settlements System

• True

• False

The BSP's other function includes the clearance of checks of all banks

• True

• False